NY Fed President William Dudley outlined some bright spots in the US recovery from recession, but he stressed that the labor market is still hobbled.» Read More
Nonfarm productivity fell in the fourth quarter by the most in nearly two years as output increased marginally while weekly unemployment aid applications fall to 366,000, indicating steady but modest hiring.
The automatic across-the-board spending cut measure set to take effect next month is "terrible, terrible" piece of legislation, Robert Rubin, former Clinton Treasury Secretary, told CNBC.
Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing where Europe's economic reforms are working - and where they are not.
India's growth estimates for the current fiscal year came as a shock to many who were hoping for a turnaround in Asia's third largest economy, with one expert calling the likely 5 percent annual expansion a "horror show".
The U.S. economy could take a big hit from automatic government spending cuts even if Congress only leaves them in place for a month or two.
A deficit reduction package to preserve short term economic growth by delaying the most aggressive measures would a no-go for the markets, the private sector and politicians, business leaders told CNBC on Wednesday.
Long-term unemployed in the U.S are having an easier time finding jobs — and the problem of long-term joblessness may disappear in the months ahead.
The current scandal surrounding Spanish Prime Minister Mariano Rajoy will not disappear any time soon and investors should expect ongoing volatility, according to the European research team at one of the world's largest banks.
As the housing market imploded, the gallows humor at S&P intensified. The New York Times reports.
U.S. home prices are suddenly soaring again and raising some serious red flags.
It's time for the Fed to do less to prop up the recovery and jobs creation, argues this academic.
Consumers have been spending more on gasoline than they have in nearly three decades.
U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans. The Commerce Department said factory orders rose 1.8 percent compared to November, when orders had fallen 0.3 percent.
Risks to Spain's economy and financial sector remain elevated as it undergoes a difficult process of fiscal and external adjustment, the IMF reported Monday.
A rough couple of months in the U.S. bond market has lifted interest rates off record lows and now could impede a slow economic recovery heavily dependent on cheap money to keep going.
President Barack Obama said on Sunday more tax revenue would be needed to reduce the U.S. deficit and signaled he would push hard to get rid of loopholes such as the "carried interest" tax break enjoyed by private equity and hedge fund managers.
It's bad, but as this economist explains, it would have been a lot worse if thousands of Americans had not just given up.
Deutsche Bank's Joe Lavorgnia anticipates broad "collateral financial damage" once interest rates eventually edge higher. And Art Hogan of Lazard Capital Markets sees the Fed trimming back on quantitative easing in 2013. Both appeared on CNBC's "Squawk on the Street" on Friday.
U.S. consumer sentiment unexpectedly improved in January as Americans felt Washington's deal to avert the "fiscal cliff" at the beginning of the year boded well for the economy, a new survey showed.
Payrolls rose 157,000 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Fed's monetary policy.
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